Press Release

Hyundai E&C reports strong start to 2014

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<P style="LINE-HEIGHT: 1.5; MARGIN-TOP: 0pt; FONT-FAMILY: gulim; MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt"><SPAN style="FONT-FAMILY: 돋움; COLOR: #808080">Hyundai E&C announced on April 25 that its consolidated sales came to 3.2906 trillion won and operating profit to 187.7 billion won in the three months ended March 31. The figures increased by 15percent and 5 percent, respectively, from the same period a year earlier. </SPAN></P>
<P style="LINE-HEIGHT: 1.5; MARGIN-TOP: 0pt; FONT-FAMILY: gulim; MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt"><SPAN style="FONT-FAMILY: 돋움; COLOR: #808080"></SPAN> </P>
<P style="LINE-HEIGHT: 1.5; MARGIN-TOP: 0pt; FONT-FAMILY: gulim; MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt"><SPAN style="FONT-FAMILY: 돋움; COLOR: #808080">The continuous solid growth of Korea's primary builder is in a stark contrast to the earning shock of major construction companies resulting from belated "big bath." Market observers say that the rise in sales and operating profit is attributable largely to sales expansion driven by large-scale overseas projects including Kuwait's Jaber causeway and Vietnam's Mong Duong power plant and the outfit's drive to obtain orders for high quality overseas projects on a selective basis and cut back on costs after the incorporation into Hyundai Motor Group.</SPAN></P>
<P style="LINE-HEIGHT: 1.5; MARGIN-TOP: 0pt; FONT-FAMILY: gulim; MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt"><SPAN style="FONT-FAMILY: 돋움; COLOR: #808080"></SPAN> </P>
<P style="LINE-HEIGHT: 1.5; MARGIN-TOP: 0pt; FONT-FAMILY: gulim; MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt"><SPAN style="FONT-FAMILY: 돋움; COLOR: #808080">New orders amounted to 3.6017 trillion won and order backlog hit 53.9248 trillion won, up by 0.5 percent compared to the end of the previous year, by receiving projects at home and abroad based on its technological superiority such as Iraq's Karbala refinery, Chile's Chacao bridge and NH Nonghyup's Integrated IT Center. In addition, as a result of the company's continuous effort to improve sales and financial soundness, as of the end of March, current ratio increased by 9.9 percentage points to 170.8 percent and debt ratio was down by 0.8 percentage points to 182.4 percent compared to the end of the previous year, leading to maintaining stable financial structure.</SPAN></P>
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